Every coin on every market is being driven by the same collective mania. Just Coinbase is more ethical or Eth is ideologically pure doesn't mean their value isn't determined by the same rampant speculation and outright fraud that dominates the entire space. You may not see an outright bankruptcy but prices and volumes can plummet nonetheless.
They will be fine _modulo people's interest in crypto_. The way I think about it is that their business model is taking fees off of every transactions, so as the interest tapers off so will their earnings and valuation.
On the path to bankruptcy the boring way, not being able to turn a profit
Perhaps Coinbase will set a record by being the first crypto exchange that folded the proper, legal way! /s
You seem to be confusing "is a good business to invest in" into the discussion of "is reasonably safe to use".
Would you say they are A-OK?
So was FTX US.
Right but Coinbase doesn't have a renegade holding company based in the Caribbean.
Can people not get money out of FTX US? I thought it was a completely separate from FTX intl because it had to comply with regulations and whatnot.
What you said is all true and what everyone thoight until sometime today when they said they are cutting off withdrawals and part of the bankruptcy too.